Voya Financial Advisors Inc. Trims Stock Position in Brooks Automation, Inc. (NASDAQ:BRKS)


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Voya Financial Advisors Inc. cut its stake in shares of Brooks Automation, Inc. (NASDAQ:BRKS) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,624 shares of the semiconductor company’s stock after selling 3,146 shares during the period. Voya Financial Advisors Inc.’s holdings in Brooks Automation were worth $709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Front Row Advisors LLC increased its position in Brooks Automation by 0.8% during the 3rd quarter. Front Row Advisors LLC now owns 21,240 shares of the semiconductor company’s stock worth $1,551,000 after purchasing an additional 175 shares during the period. Cresset Asset Management LLC grew its holdings in shares of Brooks Automation by 5.6% in the 4th quarter. Cresset Asset Management LLC now owns 7,713 shares of the semiconductor company’s stock worth $523,000 after acquiring an additional 406 shares during the period. Sowell Financial Services LLC grew its holdings in shares of Brooks Automation by 25.3% in the 4th quarter. Sowell Financial Services LLC now owns 2,226 shares of the semiconductor company’s stock worth $151,000 after acquiring an additional 450 shares during the period. California State Teachers Retirement System grew its holdings in shares of Brooks Automation by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 110,023 shares of the semiconductor company’s stock worth $5,090,000 after acquiring an additional 497 shares during the period. Finally, Assetmark Inc. acquired a new stake in shares of Brooks Automation in the 4th quarter worth approximately $37,000. Institutional investors own 95.29% of the company’s stock.

BRKS has been the topic of a number of research reports. Credit Suisse Group upped their price target on Brooks Automation from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, February 3rd. Citigroup upped their price target on Brooks Automation from $65.00 to $90.00 in a report on Monday, January 25th. B. Riley upped their target price on Brooks Automation from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Monday. Finally, KeyCorp upped their target price on Brooks Automation from $99.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, February 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.33.

BRKS stock opened at $96.68 on Thursday. Brooks Automation, Inc. has a 1 year low of $29.82 and a 1 year high of $101.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.53 and a current ratio of 3.08. The stock’s 50 day moving average price is $84.10 and its 200 day moving average price is $70.39. The firm has a market cap of $7.18 billion, a P/E ratio of 109.86 and a beta of 1.97.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Monday, February 1st. The semiconductor company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Brooks Automation had a return on equity of 7.95% and a net margin of 7.23%. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $243.62 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, research analysts predict that Brooks Automation, Inc. will post 1.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 4th. Brooks Automation’s dividend payout ratio is presently 31.75%.

Brooks Automation Profile

Brooks Automation, Inc provides manufacturing automation solutions for the semiconductor industry, and life science sample-based services and solutions for the life sciences market worldwide. The company operates in three segments: Brooks Semiconductor Solutions Group, Brooks Life Sciences Services, and Brooks Life Sciences Products.

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Institutional Ownership by Quarter for Brooks Automation (NASDAQ:BRKS)

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